The bill clarifies the administrative requirements pertaining to the sale of a controlling interest in real property in the real estate transfer tax law, consistent with statutory changes enacted in 2002.

The bill simplifies the recycling assistance fee law by deleting references to categories of property that are no longer subject to the fee.

The bill repeals a provision that required rulemaking by the State Tax Assessor to clarify the impact of portions of the recycling assistance fee law. Simplification of the law has obviated the need for rulemaking.

The bill clarifies that the taxable income described in Title 36, section 5121 is the "Maine taxable income" referred to in section 5111.

The bill clarifies that only interest from bonds of another state's government excluded from federal adjusted gross income must be added back in computing Maine adjusted gross income for a resident individual.

The bill clarifies that all deductions claimed for federal income tax purposes must be added back to Maine adjusted gross income if they are included in the taxpayer's investment credit base for the high-technology investment tax credit.

The bill clarifies that only exempt government bond interest included in federal adjusted gross income may be subtracted in computing Maine adjusted gross income.

The bill deletes an obsolete reference to the federal new jobs credit, which has been repealed.

The bill conforms the language that permits subtraction of Maine College Savings Program distributions to that of Title 20- A, section 11479.

The bill defines "primary recipient" for purposes of the pension income deduction. This definition is the one currently applied administratively by the Department of Administrative and Financial Services, Bureau of Revenue Services.

The bill clarifies the language of Title 36, section 5124-A.